I. BANNER STORIES
Higher transport fares demanded
Gov’t: Hike enough for now
By Riza T. Olchondra
Philippine Daily Inquirer
First Posted 01:52:00 07/10/2008
MANILA, Philippines—Although the new round of fare increases has yet to take effect, transport groups said Wednesday the fare hike was not enough and want more fare adjustments but Malacañang quickly thumbed down their demand.
3. Manila Times
Oil Firms roll back gas prices
Public transport fare hike postponed until Monday
By Euan Paulo C. Añonuevo, Reporter
Oil giants Petron Corp. and Pilipinas Shell Petroleum Corp. and industry minnow Flying V each will roll back their gasoline prices by P1 per liter effective today.
http://www.manilatimes.net/national/2008/july/10/yehey/top_stories/20080710top1.html
4. Malaya
Gloria to defend
VAT before bishops
‘Katas helps poor’ is gov’t line in meeting next week
BY JOCELYN MONTEMAYOR
PRESIDENT Arroyo will lead her economic team in explaining to the Catholic Bishops’ Conference of the Philippines the importance of keeping intact the value added tax, Executive Secretary Eduardo Ermita said yesterday.
http://www.malaya.com.ph/jul10/news1.htm
Cap on oil EVAT sought in House
Solon notes windfall revenue while prices rise
Proposes ‘win-win’ solution
By EDMER F. PANESA
As fuel prices continue to rise with no end in sight, the House of Representatives’ Committee on Ways and Means vowed yesterday to work on a proposal to put a cap on the Expanded Value-Added Tax (EVAT) imposed on petroleum products as a means to bring down local pump prices.
http://www.mb.com.ph/MAIN20080710129417.html
7. Abante
KITA NG VAT NAWAWALA
BOYET JADULCO, ROSE MIRANDA, JUN TADIOS at NOEL ABUEL
Ibinunyag kahapon ni Sen. Francis ‘Chiz’ Escudero na hindi nagre-reflect sa revenue o kita ng Bureau of Internal Revenue (BIR) at ng Bureau of Customs (BOC) ang nakokolektang 12% value added tax (VAT) sa lahat ng oil products.
http://www.abante.com.ph/issue/july1008/default.htm
BABY IBINALIBAG SA GASOLINAHAN
Armida Rico
Nagmistulang basurang itinapon ang isang sanggol na nakakabit pa ang pusod nang ihagis ng isang hindi nakikilalang babae na lulan ng isang taksi sa tapat ng isang gasolinahan sa Pasay City kamakalawa ng gabi.
http://www.abante-tonite.com/issue/july1008/news_story1.htm
10. Journal
SLAMMED
By: Bernadette E. Tamayo
Neri SSS appointment raises outcry
SEN. Francis Escudero is worried that the appointment of Commission on Higher Education chairman Romulo Neri to the Social Security System will “expose” the fund to abuse.
http://www.journal.com.ph/index.php?issue=2008-07-10&sec=1&aid=66096
11. Business World
Gasoline prices cut by P1/liter
AFTER MONTHS of weekly fuel price increases blamed on crude volatility, oil companies yesterday announced that gasoline would become P1 per liter cheaper following a softening in international costs.
http://bworldonline.com/BW071008/content.php?id=001
12. Business Mirror
Cutting VAT on oil an ‘option’
By Mia M. Gonzalez
Reporter
THE National Economic and Development Authority (Neda) said Tuesday it is “looking into” proposals to reduce the value-added tax (VAT) on oil, including a “possible” revenue-neutral scheme that would plow back the government’s windfall to targeted sectors.
http://www.businessmirror.com.ph/07092008/headlines01.html
II. POLITICAL
New crop of officers reject failed ‘Palparan solution’
By Joey A. Gabieta
Visayas Bureau
First Posted 02:57:00 07/10/2008
QUINAPONDAN, EASTERN SAMAR—A top military officer admitted on Tuesday that the “Palparan solution” did not help any in solving the country’s communist insurgency problem.
DoJ will not allow Sulpicio to abandon ship to insurer
By Tetch Torres, Christian V. Esguerra, Leila Salaverria
INQUIRER.net, Philippine Daily Inquirer
First Posted 02:59:00 07/10/2008
MANILA, Philippines—The possibility that the capsized MV Princess of the Stars would become a “ghost ship” with hundreds of people entombed inside it for years was raised Wednesday at the House of Representatives. But Justice Secretary Raul Gonzalez said he would not allow this to happen.
De la Paz ties to Arroyo foes led to ‘removal’
By Daxim Lucas
Philippine Daily Inquirer
First Posted 05:50:00 07/10/2008
MANILA, Philippines—Malacañang’s decision to “remove” Corazon de la Paz from the helm of the Social Security System (SSS) was due to her close ties to the Makati Business Club (MBC) and groups critical of the Arroyo administration.
‘Over the P26M in Jamby aunt’s will can go to other heirs’
By DJ Yap, Gil C. Cabacungan Jr.
Philippine Daily Inquirer
First Posted 04:46:00 07/10/2008
MANILA, Philippines—Sen. Maria Ana Consuelo “Jamby” Madrigal Wednesday claimed “partial but substantial” victory in the legal tussle over the fortune left by her billionaire aunt, Consuelo “Chito” Madrigal-Collantes, whose last will and testament she is disputing.
Mobile court resolves 20 cases in one day
By Leila Salaverria
Philippine Daily Inquirer
First Posted 05:52:00 07/10/2008
MANILA, Philippines—The decisions came down swiftly Wednesday from judges presiding at the first hearings of a justice-on-wheels program outside the packed Manila City Jail.
More subsidies for poor; Palace can’t tell how much
By Tonette Orejas
Central Luzon Desk
First Posted 05:52:00 07/10/2008
ANGELES CITY, Philippines -- Poor families can expect more cash subsidies from the government once the finance department is able to determine the exact amount of the government’s windfall earnings from the 12-percent expanded value-added tax on oil, Malacañang said Wednesday.
Adaza turns tables on accuser
By Alcuin Papa
Philippine Daily Inquirer
First Posted 06:15:00 07/10/2008
MANILA, Philippines -- Former assemblyman and opposition lawyer Homobono Adaza turned the tables on his accuser Wednesday and blasted the Arroyo administration for allegedly prosecuting members of the opposition.
MILF attacked 40 times in 2 months -- Yano
Philippine Daily Inquirer
First Posted 06:16:00 07/10/2008
MANILA, Philippines -- The separatist Moro Islamic Liberation Front is responsible for 40 incidents of ambuscades, harassment and sabotage in just two months this year, said Armed Forces Chief Gen. Alexander Yano.
Neri to start at SSS August 1 – Palace
By Angelo S. Samonte, Reporter
Chairman Romulo Neri of the Commission on Higher Education will take over as administrator of the Social Security System starting August 1, Press Secretary Jesus Dureza announced Wednesday.
http://www.manilatimes.net/national/2008/july/10/yehey/top_stories/20080710top4.html
SSS chief quits; Neri is replacement
CORAZON de la Paz, president and administrator of Social Security System, officially resigned yesterday and was replaced by acting Higher Education chair Romulo Neri.
http://www.malaya.com.ph/jul10/news4.htm
Meralco rates cheaper for small consumers
Philippine Daily Inquirer
First Posted 02:27:00 07/10/2008
Rattling off numbers does not make a statement true. On the contrary, it’s as the saying goes, “Garbage in, garbage out.”
I refer to Dave Diwa’s letter “Meralco’s distribution charge is highest in Philippines.” (Philippine Daily Inquirer, 6/28/08). Whoever gave him the data for that letter did him a disservice. By simply going to the Energy Regulatory Commission, he could have found out that, unlike other electric distributors in the Philippines, distribution rates of Manila Electric Co. (Meralco) were designed by the government to favor small consumers — small consumers are charged lower distribution rates and those consuming more are charged higher rates. It is called socialized pricing.
Neri’s appointment draws flack from opposition senators
By HANNAH L. TORREGOZA
Opposition senators yesterday criticized Malacanang’s appointment of former socio-economic planning secretary Romulo Neri as new chief of the Social Security System (SSS).
http://www.mb.com.ph/MAIN20080710129418.html
AMLC, makupad at inutil kay Bolante
(Rey Marfil)
Maliban sa alegasyong makupad, inakusahang inutil ng dalawang miyembro ng Upper House ang liderato ng Anti-Money Laundering Council (AMLC) sa kabiguang mahabol ang bank deposits ni dating Department of Agriculture (DOA) Undersecretary (Usec.) Jocelyn ‘JocJoc’ Bolante.
http://www.abante.com.ph/issue/july1008/news08.htm
SSS premyo kay Neri
(Rey Marfil)
Ito ang naging paglalarawan ni Sen. Panfilo ‘Ping’ Lacson sa paglilipat ni Pangulong Gloria Macapagal-Arroyo kay Commission on Higher Education (CHED) chairman Romulo Neri sa Social Security System (SSS) bilang kapalit ni chairperson Corazon Dela Paz.
http://www.abante-tonite.com/issue/july1008/news_story5.htm
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